Gramps Owes $18 Billion in Student Loans

It may sound shocking, but many grandparents over sixty are deep in debt…not only did they finance their own college educations, but they did the same for their children and now many of them cannot pay. “The amount of student debt held by people 65 and older increased more than sevenfold in 2013, to $18.2 billion, from $2.8 billion in 2005, government statistics show.”